LTPZ Dividend Type Payments

Although LTPZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pimco 15 Year U.S. TIPS Index Exchange-Traded Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Pimco 15 Year U.S. TIPS Index Exchange-Traded Fund (LTPZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.50	54.90	53.92	+0.07	27K	-	0.0B

LTPZ Dividend-Like Income Using Covered Calls

With LTPZ at 53.92, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	1.62	0.4
5%	2.70	0.7
10%	5.39	1.5

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On LTPZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	55.00	0.50	68	0.7	0.10 (0.2%)
Nov 21	55.00	0.30	40	0.8	0.10 (0.2%)

5% Yield On LTPZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	55.00	0.30	40	0.8	0.10 (0.2%)

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Want more examples? LTM Dividend | LU Dividend